Eddie Murphy just made an easy $12 million! Unfortunately for him, he originally was aiming for $30 million.

The Norbit actor just sold a massive mansion in Englewood, New Jersey after YEARS of being on the market and had to dip below HALF of his asking price.

The east coast estate, known as "Bubble Hill", went on sale in 2004 for a listed $30 million, but dropped to $22 million in 2006.

Seven years later, Murphy has finally hawked off the 25,000 sqaure feet Colonial style home to someone who can truly appreciate it. And eventually sell it for $30 million once the economy improves. LOL!

This place truly is impressive too. The property boasts 32 rooms, including eight bedrooms, 8 full bathrooms, an indoor swimming pool with an arched glass roof, two lane bowling alley, a paneled billiard room, full sized racquetball court, a professional recording studio, a carriage house with a home gym, at least three fireplaces, garaging for at least 5 cars and a movie theater.

The actor has owned the house since 1985 so there is a chance he recorded a demo of Party All The Time in that professional recording studio. Whoever bought this mansion might own a piece of music history!

One comment to “Eddie Murphy Sells Ballin' House For Under HALF Of His Asking Price”

Must be some kind of miserable to need that much space! My hubby and I have a 1200 sq ft house and only see each other when we choose to, never gets crowded. And as far as having lots of friends over, not quite my style. Value privacy and freedom!